Alex Wallace Elected as IMRF Board President

March 25, 2019Untitled Document

OAK BROOK, Ill -- Members of the Illinois Municipal Retirement Fund’s Board of Trustees elected Alex Wallace as the Board President for 2019.
Wallace ran unopposed in IMRF’s 2016 Employee Trustee election, after joining the Board on July 1 of that year, filling a retiring board member’s seat.

“It is truly an honor to serve my fellow Trustees and members of IMRF from across the state,” Wallace said. “My goal is to continue the legacy of outstanding leadership that has brought our plan to the forefront in terms of service, quality, and stability.”

Since 2003, Wallace has served as an exemplary driver for Oswego Community Unit School District 308. His previous experience includes a 31-year career with the Illinois Department of Juvenile Justice. There, he served in multiple positions, including Supervisor of Juvenile Statewide Transportation.

“Driven” by service, his work extends from behind the wheel and outside of IMRF’s boardroom. Wallace also holds a number of volunteer positions, serving previously on the Board of Directors for the National Education Association (NEA) and currently for the Illinois Education Association (IEA). He is also currently the State Chairperson for the Education Support Professional (ESP)/IEA Council, and serves on the Deacon Board at his local church.

As both an active, working member of IMRF and a trustee, Wallace believes that listening to members, using sound judgment and following the “prudent person rule” when it comes to managing IMRF’s $40 billion investment portfolio, are keys to long term success.

“My goal as Board President is to continue listening to IMRF members and employers for both individual and collective needs,” he said.

Wallace's current term as a board member runs through December 31, 2020.

The IMRF website provides a brief summary of IMRF benefits and the administration of those benefits. IMRF members' and employers' rights and obligations are governed by Article 7 of the Illinois Pension Code. Statements on the IMRF website are general, and the Illinois state law governing IMRF is complex and specific. If a conflict arises between information in the IMRF website and the law, all decisions are based on the law.